SBA loan outcome check · industry · SBA data as of 30 September 2026

How have SBA loans in Drycleaning and Laundry Services (except Coin-Operated) turned out?

Of 8,706 loans approved in fiscal 2000 to 2021 (at least five years old), 1,807 (20.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Drycleaning and Laundry Services (except Coin-Operated) appears on 9,329 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $2.4 billion in gross approvals. These are loans, not a rating.
Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.
Drycleaning and Laundry Services (except Coin-Operated)Industry NAICS 812320 · 9,329 loans
21%of seasoned loans charged off
  1. Drycleaning and Laundry Services (except Coin-Operated) appears on 9,329 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $2.4 billion in gross approvals.
  2. Of 8,706 loans approved in fiscal 2000 to 2021 (at least five years old), 1,807 (20.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
  3. A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.
0%39%Fiscal 2000: 83 of 439 loans charged off (18.9%)Fiscal 2001: 82 of 424 loans charged off (19.3%)Fiscal 2002: 73 of 490 loans charged off (14.9%)Fiscal 2003: 96 of 565 loans charged off (17.0%)Fiscal 2004: 122 of 692 loans charged off (17.6%)Fiscal 2005: 215 of 863 loans charged off (24.9%)Fiscal 2006: 243 of 832 loans charged off (29.2%)Fiscal 2007: 344 of 874 loans charged off (39.4%)Fiscal 2008: 233 of 645 loans charged off (36.1%)Fiscal 2009: 69 of 332 loans charged off (20.8%)Fiscal 2010: 38 of 243 loans charged off (15.6%)Fiscal 2011: 18 of 204 loans charged off (8.8%)Fiscal 2012: 13 of 201 loans charged off (6.5%)Fiscal 2013: 13 of 218 loans charged off (6.0%)Fiscal 2014: 17 of 203 loans charged off (8.4%)Fiscal 2015: 23 of 260 loans charged off (8.8%)Fiscal 2016: 27 of 284 loans charged off (9.5%)Fiscal 2017: 29 of 281 loans charged off (10.3%)Fiscal 2018: 35 of 253 loans charged off (13.8%)Fiscal 2019: 21 of 244 loans charged off (8.6%)Fiscal 2020: 7 of 99 loans charged off (7.1%)Fiscal 2021: 6 of 60 loans charged off (10.0%)20002002200420062008201020122014201620182020
share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year

Every approval year

Approval yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY2000439$133.2 million35583118.9%
FY2001424$105.8 million34082219.3%
FY2002490$138.3 million41573214.9%
FY2003565$113.2 million46796217.0%
FY2004692$131.5 million568122217.6%
FY2005863$176.3 million641215724.9%
FY2006832$150.8 million585243429.2%
FY2007874$162.0 million525344539.4%
FY2008645$129.5 million404233836.1%
FY2009332$53.8 million25969420.8%
FY2010243$51.7 million20338215.6%
FY2011204$60.5 million1791878.8%
FY2012201$57.8 million1861326.5%
FY2013218$67.2 million19413116.0%
FY2014203$51.6 million1791778.4%
FY2015260$86.7 million22123168.8%
FY2016284$107.2 million23327249.5%
FY2017281$93.0 million190296210.3%
FY2018253$82.5 million156356213.8%
FY2019244$93.2 million14421798.6%
FY202099$34.4 million527407.1%
FY202160$34.1 million2662810.0%
FY202261$30.2 million18043too recent for a share
FY202396$54.7 million14181too recent for a share
FY2024155$77.5 million182135too recent for a share
FY2025193$101.1 million50188too recent for a share
FY2026118$69.2 million10117too recent for a share

By state, where 30 or more loans are at least five years old

StateLoans (FY2000 to 2021)Charged offShare
California1,27925720.1%
Texas94920721.8%
New York91119221.1%
Illinois74615420.6%
New Jersey67017025.4%
Georgia58413322.8%
Pennsylvania3225918.3%
Florida3159931.4%
Colorado2676323.6%
Washington2423514.5%
Massachusetts221188.1%
Virginia1894423.3%

US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a business in this industry, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.

☆ Save